READYPOWER TERRAWISE LIMITED
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Cash
£425k
-31.6% lowest in 3 filed years
Net assets
£6.7m
+4% highest in 3 filed years
Employees
59
-11.9% vs 2024
Profit before tax
£344k
-65.2% lowest in 3 filed years
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £20,343,000 | £17,061,000 | £15,788,000 | -7.5% | |
| Operating profit | £2,043,000 | £956,000 | £331,000 | -65.4% | |
| Profit before tax | £2,112,000 | £988,000 | £344,000 | -65.2% | |
| Net profit | £1,630,000 | £740,000 | £257,000 | -65.3% | |
| Cash | £1,960,000 | £621,000 | £425,000 | -31.6% | |
| Total assets less current liabilities | £5,958,000 | £6,545,000 | £6,844,000 | +4.6% | |
| Net assets | £5,663,000 | £6,403,000 | £6,660,000 | +4% | |
| Equity | £5,663,000 | £6,403,000 | £6,660,000 | +4% | |
| Average employees | 55 | 67 | 59 | -11.9% | |
| Wages | £3,500,000 | £3,811,000 | £3,730,000 | -2.1% | |
| Directors' remuneration | £167,000 | £337,000 | £217,000 | -35.6% | |
| Directors' pension contributions | — | — | £8,000 | — | |
| Highest paid director | £93,000 | £23,000 | £217,000 | +843.5% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 10.0% | 5.6% | 2.1% | |
| Net margin | 8.0% | 4.3% | 1.6% | |
| Return on capital employed | 34.3% | 14.6% | 4.8% | |
| Gearing (liabilities / total assets) | 39.9% | 39.4% | 44.7% | |
| Current ratio | 2.63x | 2.57x | 2.26x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- READYPOWER TERRAWISE LIMITED 2018-01-12 → present
- TERRAWISE CONSTRUCTION LTD 2006-07-13 → 2018-01-12
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have concluded that in all scenarios modelled the company will be able to operate within its current facilities for the foreseeable future. The directors therefore have a reasonable expectation... they continue to adopt the going concern basis”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 11 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| OLIVER, James Richard | Secretary | 2024-04-01 | — | — |
| COCKAYNE, Timothy Noel | Director | 2026-02-09 | Jul 1978 | British |
| MATTHEWS, Darren Clive | Director | 2023-05-15 | Mar 1968 | British |
| OLIVER, James Richard | Director | 2023-05-15 | Jan 1978 | British |
| WORSLEY, Stuart John | Director | 2023-09-01 | Aug 1972 | British |
Show 11 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CROSSEN, James Michael | Secretary | 2006-07-13 | 2023-09-07 |
| SECRETARIAL APPOINTMENTS LIMITED | Corporate Nominee Secretary | 2006-07-13 | 2006-07-13 |
| BURROWS, Jamie | Director | 2006-07-13 | 2022-08-01 |
| CROSSEN, James Michael | Director | 2006-07-13 | 2023-09-07 |
| DEVANNEY, William Gerard | Director | 2017-11-23 | 2025-04-30 |
| HEPBURN, Anthony Michael | Director | 2017-11-23 | 2022-10-27 |
| JACK, Russell | Director | 2017-11-23 | 2026-03-31 |
| JACKSON, Christopher John | Director | 2006-07-13 | 2017-03-31 |
| LONG, Darren John | Director | 2006-07-13 | 2017-11-23 |
| MCLAREN, Andrew | Director | 2022-08-01 | 2024-04-26 |
| CORPORATE APPOINTMENTS LIMITED | Corporate Nominee Director | 2006-07-13 | 2006-07-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Readypower Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-11-16 | Active |
| Readypower Rail Services Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-11-23 | Ceased 2022-11-16 |
Filing timeline
Last 20 of 106 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-10 | AA | accounts | Accounts with accounts type full | |
| 2026-07-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-03-31 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-19 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-15 | AA | accounts | Accounts with accounts type full | |
| 2025-07-15 | RP04CS01 | confirmation-statement | Second filing of confirmation statement with made up date | |
| 2025-07-14 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-14 | CH01 | officers | Change person director company with change date | |
| 2024-09-18 | AA | accounts | Accounts with accounts type full | |
| 2024-07-16 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-04-11 | AP03 | officers | Appoint person secretary company with name date | |
| 2023-09-20 | AA | accounts | Accounts with accounts type full | |
| 2023-09-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-09-07 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-09-07 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-15 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-08-15 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-07-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.